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Sep 26, 2012
09/12
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so, you know, i would agree that we need to cut our deficits. it's just the wrong way to do it. >> so what is the better way to do it? here we have, you know, automatic cuts coming, automatic tax increases coming. a lot of people predicting that 2013 will be a recession as a result of this. we haven't even heard from the defense companies in terms of how many jobs they're about to cut because of it. so what's the best way to do it? >> keep in mind nobody wants the sequester to happen. maybe chris and his colleagues at catos are an exception. the idea of a sequester is so awf awful, it would cut so deeply into spending, it should never happen. it's a doomsday device, which is trying to get congress to do its real job, which is to focus on taxes and sbentitlements get a grand bargain. nobody wants it to happen, but we're playing a big game of chicken because nobody wants to do the other things that are necessary to get those deficits down. but look, if we cut $55 billion out of defense, which is what the sequester would do, in one year alone, in 2
so, you know, i would agree that we need to cut our deficits. it's just the wrong way to do it. >> so what is the better way to do it? here we have, you know, automatic cuts coming, automatic tax increases coming. a lot of people predicting that 2013 will be a recession as a result of this. we haven't even heard from the defense companies in terms of how many jobs they're about to cut because of it. so what's the best way to do it? >> keep in mind nobody wants the sequester to...
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Oct 1, 2012
10/12
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we got current account deficit and that taps at 3.9%. was at about 4.5%. in the quarter gone by, there was a surplus of close to about $5 billion. and we just got the august trade data out, as well. imported out about 5.1%. and august trade data is more or less in line. on that note, it's back to you again. >> all right. thanks for that. gold a bit of a boost in the run up to qe being launched since -- >> yeah, consolidating. i guess we've seen a pretty positive correlation between qe and pursuing months. so i think we'll see it push higher. as we see the race to the base, it can only be good for the gold price and obviously an even more interesting place, the gold miners. >> i just want to point out this tie isn't because i'm long gold. it's actually because i'm supposed to be matching, see that, this is the -- >> you need to be in a blue tie. >> there's some yellow in there, fwr greg. should have worn a yellow shirt. >> next time. >> not that you should take any fashion advice for me. so what about the reaction to that chinese data? li has the details ou
we got current account deficit and that taps at 3.9%. was at about 4.5%. in the quarter gone by, there was a surplus of close to about $5 billion. and we just got the august trade data out, as well. imported out about 5.1%. and august trade data is more or less in line. on that note, it's back to you again. >> all right. thanks for that. gold a bit of a boost in the run up to qe being launched since -- >> yeah, consolidating. i guess we've seen a pretty positive correlation between...
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Oct 2, 2012
10/12
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but with the deficit coming down payment to signal how serious they are. jim, how sdw this get resolved? >> well, i haven't heard that sister, but that's what we've been picking up, that in the background of all these guys working on the deal already. soon after the election, our best guess is that there will be one. not too different from that story actually. >> qe-3 meanwhile, how does that play? does that continue to support lift asset prices? how do commodities get in the wash between slowing chinese growth and fed action? >> that's a good question. because i think it's a big one. i think we're not three weeks into qe-3 yet and the populous mind set of the markets is that we're done qe-3, let's move on to whatever's next. qe-3 is in my opinion very different from previous qes. the feds tip toe down a path of what i call nominal gdp targeting. we're tying it directly to real economic outcomes. so they're saying they're not going away and they've opened the door to it already without considering more. so it's a big thing and it's particularly helpful to
but with the deficit coming down payment to signal how serious they are. jim, how sdw this get resolved? >> well, i haven't heard that sister, but that's what we've been picking up, that in the background of all these guys working on the deal already. soon after the election, our best guess is that there will be one. not too different from that story actually. >> qe-3 meanwhile, how does that play? does that continue to support lift asset prices? how do commodities get in the wash...
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Sep 26, 2012
09/12
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that he is doing what is he able to draw back from the labor unions in order to further bring that deficit down? that is a story for friday. a huge one. >> still have to get through today. thanks a lot, simon. crude is still below 90. >> still below 90 and the problem that is simon outlined so well are definitely traders are the floor are talking about and impacting negatively the oil price. we're seeing oil prices that already slipped below $90 a birl for the first time since early august fall further after the data we reported earlier on the oil inventories and also on oil demand over the last week here in the u.s. that has really helped to put oil prices here, the wti contract, for one, in correction territory. we're seeing a slide in oil prices that we have seen since september 14th of over 10% going to the lows of the session today which are below $89 a barrel. we did find the distillate demand last week dropped by about 9%, almost 9% just in one week's time and this is the second decline in a week. we're looking at the weakness in distill lat demand having an impact here on the oil p
that he is doing what is he able to draw back from the labor unions in order to further bring that deficit down? that is a story for friday. a huge one. >> still have to get through today. thanks a lot, simon. crude is still below 90. >> still below 90 and the problem that is simon outlined so well are definitely traders are the floor are talking about and impacting negatively the oil price. we're seeing oil prices that already slipped below $90 a birl for the first time since early...
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Oct 1, 2012
10/12
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and accumulating greater debt, that the country had a budget deficit, a trade deficit, a balance of payments deficit, and the fourth one you brought up was a leadership deficit. >> leadership is the greatest. >> can i ask you both, describe what is the problem with what appears to be in your mind a leadership deficit, that we're not getting the leadership on this key issue either from this president or past presidents, this congress or pass congress aes/ what does it take to get elected officials to tackle at an issue, increasing their taxes? >> let's start with the families. they will get their attention. the voters have to understand all this, which they did not, and voters need to understand what we have to do to get all this corrected, and they do not. if we ever get that over to the voters, they will vote for the people who are geared up, ready, and know how to do it and are running on that basis, and then we can change this country forever and get us back to where we used to be when i was a boy in the depression. why schoolteachers and would have been doctors, lawyers, indian
and accumulating greater debt, that the country had a budget deficit, a trade deficit, a balance of payments deficit, and the fourth one you brought up was a leadership deficit. >> leadership is the greatest. >> can i ask you both, describe what is the problem with what appears to be in your mind a leadership deficit, that we're not getting the leadership on this key issue either from this president or past presidents, this congress or pass congress aes/ what does it take to get...
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Oct 2, 2012
10/12
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[laughter] on the deficit, it was, you know, deficit doesn't matter. and yeah and biology too a guy in missouri too. so the question to me is what happens the morning after the morning after the election if romney loses? the morning after they'll say it wasn't because he wasn't far night enough. i wonder the morning after the morning after. a lot of people say we have gone too far to the right. we need a different republican party. we need a center right republican party. i think the country needs. because it needs to be a check on the left and the center left, and it's the only way we're going get big comprises on the big issues. >> can i add, i mean, a little history can clinton and rage. the second term was the productive term. the big achievement. it's hard no know whether the republican party will -- where they will push the blame if that happens. but the question is how they decide to spend the next four years. and i think it's very hard to tell. but there is some hope in looking back at both clinton and reagan. >> reagan was considered a far-rig
[laughter] on the deficit, it was, you know, deficit doesn't matter. and yeah and biology too a guy in missouri too. so the question to me is what happens the morning after the morning after the election if romney loses? the morning after they'll say it wasn't because he wasn't far night enough. i wonder the morning after the morning after. a lot of people say we have gone too far to the right. we need a different republican party. we need a center right republican party. i think the country...
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Sep 26, 2012
09/12
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deficit. if they want to pay, that's the problem. misery needs to make the tough decisions. should they be put in the mix of whether we've reduced 70 or high-speed rail? is probably in the mix, but i don't think is before us now. i want to see what the load factors to be. that's my world. i want to see supply and demand. if the demand there? will supply. if not, we're not in a position to build it and they will come. we are just not there. >> jim higgins. >> okay, well i am not a transportation expert and i don't think these guys are either. actually i graduated from school as a civil engineer, but they work five years as a civil engineer, but lately i've computers. but why should a bureaucrat decide, you know, what mode of transportation is best, whether we have rail or highway is? it got us in trouble in the beginning. we built all these highways. we overdo it on the highways. now we have pollution and gas consumption because some bureaucrat decided that we needed highways. while now were tr
deficit. if they want to pay, that's the problem. misery needs to make the tough decisions. should they be put in the mix of whether we've reduced 70 or high-speed rail? is probably in the mix, but i don't think is before us now. i want to see what the load factors to be. that's my world. i want to see supply and demand. if the demand there? will supply. if not, we're not in a position to build it and they will come. we are just not there. >> jim higgins. >> okay, well i am not a...
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Sep 26, 2012
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we take the deficit seriously. we need to bring the deficit down so that companies can grow. >> again, i think that the whole politics and envy is a sad chapter in politics and i would only suggest that i would bring to the table. the president obama and ann mclane kuster idea -- the individuals with incomes of more than $200,000 per year, bringing to the table. i'll consider it. show me where he will cut that? >> okay, thank you so much for that. we will have 30 seconds for this round. we begin with you. >> do you think any changes are needed to benefit new hampshire's business community? >> what i have heard about mostly from the business community in terms of integration are the high-end technical employees that they would like to be able to talk about going to new hampshire. as well as, on the art or cultural sector, another is an issue about bringing in part-time work on the road in hopkinton, and i know we need to bring people in. but in general, i have not heard any immigration issues in new hampshire. i thi
we take the deficit seriously. we need to bring the deficit down so that companies can grow. >> again, i think that the whole politics and envy is a sad chapter in politics and i would only suggest that i would bring to the table. the president obama and ann mclane kuster idea -- the individuals with incomes of more than $200,000 per year, bringing to the table. i'll consider it. show me where he will cut that? >> okay, thank you so much for that. we will have 30 seconds for this...
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the city council has already done belt tightening to close the deficit, laying off 42 employees or 10% of the work force. there are contracts for workers expire at year's end. the mayor says all options are being studied. there is a campaign that has surfaced. and there is a proposal may be a moot issue. the only agency interested in bidding was the sheriff's department now saying they're not going to bid. >> there is. the east contra costa fire district received a grant of nearly $8 million meaning it can start filling 15 positions it was forced to eliminate in july. this will allow the district to reopen three fire stations. >> neighbors in oakland are crediting a good samaritan for warning them about a fire that broke out in east 15th street. a man in the building saw flames on a staircase. he then went door to door and alerted neighbors. no residents were hurt but a firefighter sprained his back. that fire drove people from their homes. >> berkeley firefighters are mopping up after a house fire that was started by a bird. this happened this morning on delaware street and police say
the city council has already done belt tightening to close the deficit, laying off 42 employees or 10% of the work force. there are contracts for workers expire at year's end. the mayor says all options are being studied. there is a campaign that has surfaced. and there is a proposal may be a moot issue. the only agency interested in bidding was the sheriff's department now saying they're not going to bid. >> there is. the east contra costa fire district received a grant of nearly $8...
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Sep 25, 2012
09/12
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but if you try to use it on a regular basis, you will face sooner or later problems in the deficit and that is exactly what is happening with several economies in europe right now. that is why we've put in place an exit strategy to regain the fiscal balance including several painful measures. for instance increasing the tax revenues come producing the public expenditures, promoting the reforms and the deregulation program. we also sit down with a very inefficient energy company which saves the government more than $5 billion a year in subsidies. thanks to the fiscal discipline, the public debt is a historical low level. more than twice the amount of the total cash, and maintain the lowest inflation levels of the past seven decades cash. another important factor behind mexico's sensibility is our financial sector tenet leal in the u.s., the crisis started in the financial market in the banking sector texaco, the financial sector was not a part of the problem but a part of the solution. thanks to the improvements and regulations, the mexican banks have 16% almost double that recommendati
but if you try to use it on a regular basis, you will face sooner or later problems in the deficit and that is exactly what is happening with several economies in europe right now. that is why we've put in place an exit strategy to regain the fiscal balance including several painful measures. for instance increasing the tax revenues come producing the public expenditures, promoting the reforms and the deregulation program. we also sit down with a very inefficient energy company which saves the...
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Oct 1, 2012
10/12
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why do we have a deficit? we have a deficit because of the bushmen in their tax cuts, -- bush millionaires' tax cuts, because they are not paying their fair share of taxes. mitt romney is paying 14% of his income. i do not care how much mr. plummer made, but it is how much he paid. if mitt romney paid 14%, mr. plummer want to go to congress and he wants to write tax policy. don't you think it is fair that he discloses what his tax returns are? [applause] center brady, his running mate, in his failed bid to become lieutenant governor, released his tax returns. he did not pay any federal income tax for two years. what is it that mr. plummer has not paid? >> mr. palmer? >> i will answer the question. if you look and what is happening right now in the united states, if you look at what is happening, you have politicians of both polos -- part is not being honest with the voters. the bush tax cuts -- i will call of the obama tax cuts because they supported the extension. we have a tax code that is more than 72,000 p
why do we have a deficit? we have a deficit because of the bushmen in their tax cuts, -- bush millionaires' tax cuts, because they are not paying their fair share of taxes. mitt romney is paying 14% of his income. i do not care how much mr. plummer made, but it is how much he paid. if mitt romney paid 14%, mr. plummer want to go to congress and he wants to write tax policy. don't you think it is fair that he discloses what his tax returns are? [applause] center brady, his running mate, in his...
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Oct 3, 2012
10/12
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and the deficit, is what we are already owe, what we owe. i don't know. >> they will talk about the fiscal cliff. do you know what that actually is? >> i do not of the have no include about that. >> i am from washington and have no clue. >> reporter: what about medicare and medicaid? >> my parents do my health insurance. i know about abortion and gay marriage. >> less about details and policy but more what the kind of person a presidential candidate is. >> reporter: he says debates are often about impressions, not words. they remember gore's sighing and awkward body language and impatient george bush checking his watch. >> who am i? why am i here. >> reporter: and one-liners. >> jack kennedy was a friend of mind. senator, you're no jack kennedy. >> i'm not going to exploit for political purposes, my opponent's youth and inexperience [laughing] >> people translated statements and gestures into insight into a candidate's character. it's all about character. >> reporter: now it is not that voters value style over substance but remember some of
and the deficit, is what we are already owe, what we owe. i don't know. >> they will talk about the fiscal cliff. do you know what that actually is? >> i do not of the have no include about that. >> i am from washington and have no clue. >> reporter: what about medicare and medicaid? >> my parents do my health insurance. i know about abortion and gay marriage. >> less about details and policy but more what the kind of person a presidential candidate is....
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Oct 2, 2012
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governor romney leads when it comes to the handling of the budget deficit. however, the president is ahead on every other issue including health care and national security. we have team fox coverage. carl cameron has the latest from the romney campaign. first, we go to ed henry in las vegas. what do we know about the president's debate prep? >>reporter: they have tried to keep that quiet. we have spotted senator john kerry who is playing mitt romney in the mock debate sessions for the president in the las vegas area. he has been spotted in the lobby of the hotel, with reading glasses and a pile of papers, going through this like it is a final exam and researching every last bit. the president, when he delivered pizza to campaign volunteers to show he has a calm, cool image headed into the debate, he made clear he also things this is like a final exam. he has been holed up, long hours, inside, dealing with a big workload. >> it is all very nice. although they keeping me indoors all the time, that is a drag, they are making me do my homework. >>reporter: the p
governor romney leads when it comes to the handling of the budget deficit. however, the president is ahead on every other issue including health care and national security. we have team fox coverage. carl cameron has the latest from the romney campaign. first, we go to ed henry in las vegas. what do we know about the president's debate prep? >>reporter: they have tried to keep that quiet. we have spotted senator john kerry who is playing mitt romney in the mock debate sessions for the...
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Oct 3, 2012
10/12
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we are going to explore the progress over the 112th congress and identify deficits. we are going to do my portion very quickly because what is interesting -- let me start by introducing them. on my right is hugh halpern leaders the staff director of the house of representatives committee on rules. on the committee he search as the chief adviser on committee and leadership patterns. immediately to my left is jim harper, director of information policy studies at the cato institute and founder of washington watchdog which keeps a close eye on legislation in federal funding. jim is the washington watchdog -- watch.com several times in the course of this presentation. last but not least is john wonderlich who is the policy director at the sunlight foundation and all-around transparency gadfly. that is his official title. more information about today's panelist on your chairs and transparencycaucus.org. i would like to thank the cochairs of the congressional transparency caucus for getting us this space and opportunity to have a conversation with you today. i promised i wo
we are going to explore the progress over the 112th congress and identify deficits. we are going to do my portion very quickly because what is interesting -- let me start by introducing them. on my right is hugh halpern leaders the staff director of the house of representatives committee on rules. on the committee he search as the chief adviser on committee and leadership patterns. immediately to my left is jim harper, director of information policy studies at the cato institute and founder of...
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Sep 27, 2012
09/12
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oddly enough the federal deficit. ashley: it is interesting because a lot of the economic data, durable goods, we did not see a big selloff on the market at all. people not excited about stimulus in china and the budget. >> i would say those are probably shorter-term things. when people think about their investment career, they think on a longer-term and the things that will really affect that, they are not overseas, they are here. ashley: what about the fed and twqe3, is that just a short-term fix? >> all of our investors are self-directed making their own directions, bu but i'm not envisioning a scenario where we will see a drop some of your previous guests have mentioned. if we were to see that, we would have seen it with the vix. ashley: was the biggest trend you're seeing with investors right now? >> i think one of the trend is we are seeing in our world, a secular trend across industry, people keep talking about declining equity volumes and declining since 2008 but what they are missing is the derivatives volume
oddly enough the federal deficit. ashley: it is interesting because a lot of the economic data, durable goods, we did not see a big selloff on the market at all. people not excited about stimulus in china and the budget. >> i would say those are probably shorter-term things. when people think about their investment career, they think on a longer-term and the things that will really affect that, they are not overseas, they are here. ashley: what about the fed and twqe3, is that just a...
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Sep 26, 2012
09/12
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. -- erase the federal deficit from moon oring the pro football hall of fame, mark twain and send 10 of mother's dame in the past 30s the coins have generated more than 400 million dollars for private companies. congress wants to make coins to help the federal economy. >>> american claims pilots are deliberately causing delays and cancellations leaving passengers in the dust. the troubled airline says pilots are calling in sick or grounding planes for minor repairs. the union says american is operating with too few pilots and aging planes. some passengers say their flights have been cancelled more than once. >> my boss needs me back at work and i can't show up because i'm here to them i'm just a number. >> one flight tracker estimated 100 american flights were cancelled monday san francisco international reports no flight disruptions. >>> san francisco 49ers say their new stadium is 15% complete and 100% on track to open on schedule for the 2014 football season. the media was given a tour of the 1.2 billion dollar, 68,000 seat facility yesterday. 400 construction workers on-the-job f
. -- erase the federal deficit from moon oring the pro football hall of fame, mark twain and send 10 of mother's dame in the past 30s the coins have generated more than 400 million dollars for private companies. congress wants to make coins to help the federal economy. >>> american claims pilots are deliberately causing delays and cancellations leaving passengers in the dust. the troubled airline says pilots are calling in sick or grounding planes for minor repairs. the union says...
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Oct 1, 2012
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it's going back to a time of constrained resources, budget deficits and deficits, then -- budget deficits, then we need to make sure we are receiving their return on those funds. host: but what is the process of approval for the state and federal levels? guest: if it is formula funds, is pretty much up to the states. they do this for highway entry and then for projects. it is preparing a list of projects that technically have to be approved, making sure they meet federal standards and criteria. but it is not a strategic program, but just a list of projects. in the case of discretionary grants, and the new starts program being a big element of that, this is a resource process. something that the criteria that applied in making a decision about money to new york or money to denver, sometimes those criteria are too rigorous, not per bree, etc. it is a very extensive -- not appropriate, etc. it is a very extensive and respect application. these projects often take 10 years, 15 years, 20 years in some cases to be completed. there has to be some degree of the assurance that the federal funds wi
it's going back to a time of constrained resources, budget deficits and deficits, then -- budget deficits, then we need to make sure we are receiving their return on those funds. host: but what is the process of approval for the state and federal levels? guest: if it is formula funds, is pretty much up to the states. they do this for highway entry and then for projects. it is preparing a list of projects that technically have to be approved, making sure they meet federal standards and criteria....
WHUT (Howard University Television)
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Sep 27, 2012
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it has to reduce its budget deficits. it needs to make savings this year of 62 billion euros and 40 billion euros in 2013. but fear is that a deteriorating recession makes hitting those targets ever harder. >> you need the revenue to pay your debts. but then, of course consumption goes down so you don't have money to pay your debts. there is no growth. spain is in recession. next year it will stay in a recession. so, yes, it is a vicious circle. really impossible to solve this conundrum. >> all the pressure from the eurozone partners, there is anger by those -- from those affected by cuts. health workers demonstrate every day near the country's biggest hospitals. government projects will again be slashed to day as people here struggle and a deepening recession. >> the demonstrations are daily here and there are likely to increase in size and number. but what we are seeing from these reforms -- slashing public spending -- is really spain doing its part of the bargain and head of a possible second bailout. the government sa
it has to reduce its budget deficits. it needs to make savings this year of 62 billion euros and 40 billion euros in 2013. but fear is that a deteriorating recession makes hitting those targets ever harder. >> you need the revenue to pay your debts. but then, of course consumption goes down so you don't have money to pay your debts. there is no growth. spain is in recession. next year it will stay in a recession. so, yes, it is a vicious circle. really impossible to solve this conundrum....
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Oct 3, 2012
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trillion dollar deficits for years now. what about those questions in. >> we are overcoming what was the worst recession since the great depression. we've mid a lot of progress. we are losing 800,000 jobs a month and obviously we've created more than 5 million jobs, but better off isn't good enough. we need to do more than that, we need to restore economic security for the middle class, that's why the president is invested in areas like education where we're double funding for college scholarships. we are on track to double renewable energy productions so we are creating the jobs of the future right here in america. he'll talk about both the progress we've made and layout a road map to create good-paying sustainable jobs to the middle class. bill: we are looking forward tonight. thank you for coming back here, ben. ben labolt from the obama team. good luck to you later tonight. andrea saul from the romney team, press secretary for mitt romney. good morning to you. i know you're looking forward to you tonight as well. >> goo
trillion dollar deficits for years now. what about those questions in. >> we are overcoming what was the worst recession since the great depression. we've mid a lot of progress. we are losing 800,000 jobs a month and obviously we've created more than 5 million jobs, but better off isn't good enough. we need to do more than that, we need to restore economic security for the middle class, that's why the president is invested in areas like education where we're double funding for college...
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Sep 29, 2012
09/12
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why is romney talking about deficits, given that we have unemployment crisis? they looked at states that they thought of as a target, new hampshire. this is an issue that resonates with swing voters. i think that is one thing to keep in mind. you have these strands that cannot always cohere in a way that works for you if you are candid. that is one thing to keep in mind. it is interesting to think about -- and again when you have the stagnation for much of the country including a lot of these folks, you have household income growth for people at the high end. what does that mean? one thing it means is that if you look at snap enrollment, people talk about how increase in three years. it increased since 2000. medicaid. when bill clinton gave his talk at the democratic national convention he was incredibly shrewd because he did not talk about medicare. why did he not talk about medicare? medicare is not the real difference in terms of numbers between these two campaigns. it really is medicaid. when you look at medicaid and who benefits from medicaid, it is a lot
why is romney talking about deficits, given that we have unemployment crisis? they looked at states that they thought of as a target, new hampshire. this is an issue that resonates with swing voters. i think that is one thing to keep in mind. you have these strands that cannot always cohere in a way that works for you if you are candid. that is one thing to keep in mind. it is interesting to think about -- and again when you have the stagnation for much of the country including a lot of these...
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Oct 2, 2012
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. >> ross perot, interviewed by "usa today"'s richard wol on the economy, the deficit and debt and how it's changed since he ran for president in 1992 and '96. find richard wolffe's article in today's edition of "usa today" and at usa today.com. raz perot tonight -- ross perot tonight on c-span at 9 eastern. >>> next, a look at the presidential campaign with libertarian party candidate gary johnson. the former republican governor of new mexico talks about his view of the two-party system and obstacles for third-party candidates. from "washington journal," this is 40 minutes. >> host: joining us now is gary johnson, the former governor of new mexico, a republican 1995-2003 who is now the libertarian presidential nominee, and gary johnson, first question. when you look at the major party candidates and this year's cycle, what's missing in the debate and the dialogue? and what do you wring to the table -- what do you bring to the table? >> guest: well, how about truth for starters. the notion that both obama and romney are arguing over who's going to spend more money on medicare when we n
. >> ross perot, interviewed by "usa today"'s richard wol on the economy, the deficit and debt and how it's changed since he ran for president in 1992 and '96. find richard wolffe's article in today's edition of "usa today" and at usa today.com. raz perot tonight -- ross perot tonight on c-span at 9 eastern. >>> next, a look at the presidential campaign with libertarian party candidate gary johnson. the former republican governor of new mexico talks about his...
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>> i think you have to explain there is 1.1 trillion dollars deficits today you have to run $200 billion to keep the debt at the same percentage of gdp. we can't continue to let it rise. you have to find $900 billion of tax increases or cost reductions. i think that mitt has to press president obama on what his plan is to do that. he has steadfastly refused to cut costs. that portends $900 billion of tax increases. our economy simply is not going to recover quickly with that hanging over its head. mitt's plan is more cost reduction. president obama is much, much bigger. income prehensably large tax kin p increases. people think letting bush tax cuts on people earning over $250,000 is the answer to the problem. that is $50 billion a year. if you cut capital gains and estate tax it is another 50 dal billion a year. that doesn't cut it. melissa: congressman, do you think the governor should go into numbers like that? i'm a thumb members gal. i like to see what is really happening. i'm not sure the rest of the american public can sort through the math? should he talk about the real picture o
>> i think you have to explain there is 1.1 trillion dollars deficits today you have to run $200 billion to keep the debt at the same percentage of gdp. we can't continue to let it rise. you have to find $900 billion of tax increases or cost reductions. i think that mitt has to press president obama on what his plan is to do that. he has steadfastly refused to cut costs. that portends $900 billion of tax increases. our economy simply is not going to recover quickly with that hanging over...
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. >> he will will say he is going to cut the deficit, please. he wants $2 trillion in new defense spending that the pentagon didn't ask for. a 5 trillion-dollar tax cut wealthy that he won't say how he will pay for. >> i spoke to two different officials with the president, he said he was very calm, very cool, getting downtown in his hotel right now. remarkable to be calm this calm right now knowing so much is on the line, shep. >> shepard: a lot in deed. ed henry live in denver. let's bring in chris wallace. have you spoken to both camps today, what did you learn? >> i have been working the phones trying to get a preview and the most interesting thing i learned is that the romney camp says that their guy is going to really go on offense when it comes to the obama record. they had noticed in the polls that people are getting a little bit more optimistic about the economy, that romney is losing some of his edge in the polls on who would handle the economy better. so they say he is really going to take it to obama on the obama record over these pas
. >> he will will say he is going to cut the deficit, please. he wants $2 trillion in new defense spending that the pentagon didn't ask for. a 5 trillion-dollar tax cut wealthy that he won't say how he will pay for. >> i spoke to two different officials with the president, he said he was very calm, very cool, getting downtown in his hotel right now. remarkable to be calm this calm right now knowing so much is on the line, shep. >> shepard: a lot in deed. ed henry live in...
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Sep 27, 2012
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narrowing the trade deficit and keeping manufacturing at home. the ceo of export now is telling us how his company is making it easier than ever for u.s. businesses to sell their products in china. >>> mitt romney's energy plan for drilling and mining on public lands will create millions of jobs and bring millions for state revenue. so who should be in control, the state or the feds? we'll be discussing that, coming up next. ♪ . i know the name of eight princesses. i'm an expert on softball. and tea parties. i'll have more awkward conversations than i'm equipped for because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle...
narrowing the trade deficit and keeping manufacturing at home. the ceo of export now is telling us how his company is making it easier than ever for u.s. businesses to sell their products in china. >>> mitt romney's energy plan for drilling and mining on public lands will create millions of jobs and bring millions for state revenue. so who should be in control, the state or the feds? we'll be discussing that, coming up next. ♪ . i know the name of eight princesses. i'm an expert on...
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Sep 30, 2012
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we have gone from the biggest deficits to the biggest surpluses. we have gone from a triple-dip recession during the previous 12 years to a tripling of the stock market. instead of a high unemployment, we have the lowest african- american and latin american unemployment rates in history and 22 million new jobs. it's not good enough. too many people have been left behind. we have got to do much more. the key is job training, education, investments in health care and education, environment, retirement security. and incidentally, we have got to preserve social security. i'm totally opposed to diverting one out of every six dollars out of the social security trust fund, as the governor has proposed, into the stock market. i want new incentives for savings and investment for the young couples who are working hard so they can save and invest on their own on top of social security, not at the expense of social security, as the governor proposes. >> two points. one, a lot of folks are still waiting for that 1992 middle- class tax cut. i remember the vice p
we have gone from the biggest deficits to the biggest surpluses. we have gone from a triple-dip recession during the previous 12 years to a tripling of the stock market. instead of a high unemployment, we have the lowest african- american and latin american unemployment rates in history and 22 million new jobs. it's not good enough. too many people have been left behind. we have got to do much more. the key is job training, education, investments in health care and education, environment,...
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regarding the debt and the deficit, there is this piece from "the washington post." in the debt crisis, ryan was on the sidelines. there is a " further in the body from a republican senator who set up a " i have never viewed it paul as one who gets into the fray from a negotiating standpoint. i do not mean that he cannot do it. i just mean he has chosen not to." becky is on the phone from michigan. caller: good morning. i was trying to think what year it was when ralph nader ran for president. you and only you as far as i know carried a debate. i think there were three people that were other parties. host: it was 2000. caller: i listened to those -- the ones that were not the mainstream democrats and republicans. even though i may not vote for them, that is not what is important. what is important is that every single one of them had at least one just terrific idea for solving some kind of big problem we have a. -- we have. to have those people up there with the democrats and republicans talking about things that have never been talked about before could get the peop
regarding the debt and the deficit, there is this piece from "the washington post." in the debt crisis, ryan was on the sidelines. there is a " further in the body from a republican senator who set up a " i have never viewed it paul as one who gets into the fray from a negotiating standpoint. i do not mean that he cannot do it. i just mean he has chosen not to." becky is on the phone from michigan. caller: good morning. i was trying to think what year it was when ralph...
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Sep 25, 2012
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we went from a billion-dollar trade deficit to $10 billion over the last ten years. that's a lot of job loss and a lot of jobs we could start to regain with with we enforce the rules that china clearly is cheating. they subsidize capital and energy and land and water. they don't play fair on currency. we stand up to them, it means good jobs and it will create a middle class in ohio. >> in your own campaign in ohio, as i mentioned in the introduction, you've raised money for your own campaign. your opponent has raised not sis similar amounts. the big difference is outside money that's coming in on his behalf. you're being outspent 4 to 1 when you look at the numbers. why are these groups from outside your state so interested in seeing you lose, a, and b, why do it in ohio when there's a premium on ad dollars because the presidential campaign is spending money? >> their money may be unlimited. and they are going after me because it's dark money. we don't know for sure who it is. we think it's the oil industry because of my efforts to take on the oil companies and the s
we went from a billion-dollar trade deficit to $10 billion over the last ten years. that's a lot of job loss and a lot of jobs we could start to regain with with we enforce the rules that china clearly is cheating. they subsidize capital and energy and land and water. they don't play fair on currency. we stand up to them, it means good jobs and it will create a middle class in ohio. >> in your own campaign in ohio, as i mentioned in the introduction, you've raised money for your own...
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percent of the americans not paying federal income taxes little decision has been given about debt and deficits of 58 million americans collecting more benefits than they pay in taxes. >> it disconnecting people of the cost of government and they will have a much bigger appetite for government spending as more and more americans don't pay taxes there's less resistance to programs that take money from everybody else. >> close to half don't pay federal income taxes some are retired elderly collecting social security and medicare the study excluded them. even without them the number of nontaxpayers risen from 21 percent in 1990 42 percent toda. government spending has grown to pace. >> the gobbling of the nonpayer rate associated with more than 200 billion about 213 billion in entitlement spending today. it is a big chunk of change a big part of the federal budget. >> 213 billion a year over 20-years the study found the number of nonpayers has increased the debt to gdp ratio by 14 points. those who don't pay federal income taxes pay other taxes. he and both parties expanded tax breaks for the work
percent of the americans not paying federal income taxes little decision has been given about debt and deficits of 58 million americans collecting more benefits than they pay in taxes. >> it disconnecting people of the cost of government and they will have a much bigger appetite for government spending as more and more americans don't pay taxes there's less resistance to programs that take money from everybody else. >> close to half don't pay federal income taxes some are retired...
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Sep 27, 2012
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white college graduates a four-point deficit, and the right hand column you see how much demographic change we have just in the last four years based on current population survey eligible voters. according to be sedated, we've seen an increase of three points in the share of eligible voters were minority's and a decrease of three points in the share of voters who are white noncollege or working class. that's quite a lot of change in a short period of time. let's just think a bit about what these figures mean, the figures from 2008 and the figures for today. even though it looks like the minority vote usher should go up, let's just say it does not. but let's say that obama gets again the 80% of the minority vote he got in the 2008. let's get nearly loses white college graduates by four-point. it means that you actually be competitive in this race, mitt romney would have to get double john mccain's margin of 18 points among the white working class in this election. that's youth turnout doesn't change among minority's despite the shifts in eligible voters. if this does get realize, let'
white college graduates a four-point deficit, and the right hand column you see how much demographic change we have just in the last four years based on current population survey eligible voters. according to be sedated, we've seen an increase of three points in the share of eligible voters were minority's and a decrease of three points in the share of voters who are white noncollege or working class. that's quite a lot of change in a short period of time. let's just think a bit about what...
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obviously with the budget deficit still at 1.2 trillion that hasn't happened. how does he get past that at the debates? >> as he said, central to his entirely election argument is things were much worse than we thought they were. the country was in a much-worse situation and the americans who lived through the panic of 2008 tend to agree with him, they tend to easily recall what it was like when they opened their 401k statements before this election in 2008 and said, gee, this is not working. the president does have that going in his favor. the thing that makes him more vulnerable is this. this is where romney can really get him. the president said if he got the more than trillion dollars in stimulus packages that he wanted that he could get unemployment down under 8%, and that is not what happened. so what romney will argue is, that the president has failed and that the failures have been simply too expensive. and you know the new sewing began in romney land and that is this. we can't afford four more years. you're going to hear that in very clear relief on we
obviously with the budget deficit still at 1.2 trillion that hasn't happened. how does he get past that at the debates? >> as he said, central to his entirely election argument is things were much worse than we thought they were. the country was in a much-worse situation and the americans who lived through the panic of 2008 tend to agree with him, they tend to easily recall what it was like when they opened their 401k statements before this election in 2008 and said, gee, this is not...
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folks in arapahoe county county there are concerns long-term and concerns about the national debt and deficit. concerns about jobs specifically in colorado. if you look at the markets, from the time the president got in office until now, you can see the chart that we have. it just scales up and up an up. the administration also has a couple of positives in the housing. seeing positive sign in recent week and month. out thing private sector employment growing. they are but on the negative side. you have this list of stories that they're dealing with. the libya fall-out. the new stuff about fast and furious that william la jeunesse had tonight. you had the slow g.d.p. growth and revision down to 1.3. continued unemployment. the afghanistan policy questions i'm ran threat. then the u.s. -israel relationship. these are constant stories. what about the back and forth and putting it all in perspective? >> on friday, there will be another jobs report that isn't good enough. i don't think we will see change in the jobless picture either this friday or friday november 2. before the election. i think p
folks in arapahoe county county there are concerns long-term and concerns about the national debt and deficit. concerns about jobs specifically in colorado. if you look at the markets, from the time the president got in office until now, you can see the chart that we have. it just scales up and up an up. the administration also has a couple of positives in the housing. seeing positive sign in recent week and month. out thing private sector employment growing. they are but on the negative side....
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Sep 26, 2012
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will be forced to deal with their deficit. this structure is not about current generations exploiting future generations. democracy is historically proven in this political system, however, we are faced with an enormous challenge about whether or not democracy can serve as a system to keep fairness between generations across the globe. under the parliamentary democracy comprised of representatives serving people living now, there is no guarantee when it comes to the interests of future generations. the structure invites politics of future generations and problems of. we are all responsible for the next generation. the challenge facing us must be resolved by our generation. political leaders must take charge of their responsibilities now for tomorrow. in order to protect sound, a democratic society, now is the time to exert the power to think about the benefits of a future generations. over the past 20-odd years, japan repeatedly procrastinated in politics and was considered a symbol of a country that delayed decisions, but i p
will be forced to deal with their deficit. this structure is not about current generations exploiting future generations. democracy is historically proven in this political system, however, we are faced with an enormous challenge about whether or not democracy can serve as a system to keep fairness between generations across the globe. under the parliamentary democracy comprised of representatives serving people living now, there is no guarantee when it comes to the interests of future...
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milpitas has a $9 million budget deficit. however, the santa clara county sheriff's office just pulled out of the bidding to take over the city's law enforcement. so the milpitas city council will let the public vote on whether thety should outsource police service -- police -- whether the police should out source police service. >>> highway 4 is back open after a messy accident last night around 10:30 a dark car hit the center divide and slammed into a white suv. the driver of the suv suffered injuries but his wife says the situation could have been a lot was -- a lot worse. >> somebody was -- the air bags did save his lives. >> the other driver was arrested on suspicion of driving under the influence. >>> also on highway 4, antioch police are looking for someone who has been throwing objects from an overpass. three vehicles including an ambulance have been damaged since thursday. one driver suffered injuries. all three incidents happened near g street. anyone with information is asked to call local police. >>> 8:34. a vigil
milpitas has a $9 million budget deficit. however, the santa clara county sheriff's office just pulled out of the bidding to take over the city's law enforcement. so the milpitas city council will let the public vote on whether thety should outsource police service -- police -- whether the police should out source police service. >>> highway 4 is back open after a messy accident last night around 10:30 a dark car hit the center divide and slammed into a white suv. the driver of the suv...
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emphasizing the debt and the deficit is very important for a candidate to appeal to independents. mitt romney during the presidential primary here that he won convincingly eve emphasized that a great deal and i think that helped him with indianas. we are without a sales tax and income tax. people understand here that financial decisions have consequences. i can recall in 2000 when john mccain talked about the debt and the deficit the bush campaign at the time said what is he talking about? john mccain beat george bush here by 20 minutes in that prime rare re. bush retooled his message and barely won new hampshire by talking about the debt and the deficit. gregg: kevin in 2010 the last election there, if i understand it, if i recall correctly i think republicans won almost every office, but that doesn't mean it's going to happen that way this year, the pendulum could begin to swing in the other direction? >> that's correct. we had the largest republican sweep for a legislature of any state in the country in 2010. four years earlier in 2006 the democrats took control of the legislat
emphasizing the debt and the deficit is very important for a candidate to appeal to independents. mitt romney during the presidential primary here that he won convincingly eve emphasized that a great deal and i think that helped him with indianas. we are without a sales tax and income tax. people understand here that financial decisions have consequences. i can recall in 2000 when john mccain talked about the debt and the deficit the bush campaign at the time said what is he talking about? john...
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Sep 26, 2012
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, debt and deficit given that we have the employment crisis and much of the reason is the new look at the states they thought of as a target of violent hampshire this is just an issue that resume sit it is almost a kind of psychic quality that resonates and i think that that is one thing to keep in mind and you have these kind of strands that do not always come here and a way that works for you if you are a candidate so that is wanting to keep in mind. it's interesting to think about when you have this kind of stagnation for the high end but a broad swath of the electorate. what does it mean. one thing it means is this not enrollment in the last two or three years to get medicaid. when bill clinton gave a talk at the democratic national convention to was incredibly shrewd because he didn't talk about medicare they talk about medicare it's a real wedge into the numbers between the two campaigns. a really is medicaid and it's a lot of white working-class folks as well as the underrepresented minority backgrounds as well. so, i think that when you think about how the republicans need to
, debt and deficit given that we have the employment crisis and much of the reason is the new look at the states they thought of as a target of violent hampshire this is just an issue that resume sit it is almost a kind of psychic quality that resonates and i think that that is one thing to keep in mind and you have these kind of strands that do not always come here and a way that works for you if you are a candidate so that is wanting to keep in mind. it's interesting to think about when you...
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focusing on energy, independent skills that will allow people to succeed, a trade that works for ameca, deficit reducti smbussic nhan what the president has done. and as we get in the debates it will be critical to show the contrast between governor romney and the president. the good thing is wasserman schultz down played the president's expectations as expected by the democrat but he is the gted ea thobis hoe nav the gift of a positive record to run on. the economy is in the toilet and t current news we have on informed poli is troubling. the administration knew this was a terrorist attack within the first 24ours yet they continue de a movie trailer, put ambassador rice out there being extremely dishonest with the american people. that's troubling. and those troops will come out in the detes. >> alice, we've gone to war with countries saying they were responsible for nerch when they really weren't. i'm talking about iraq. gi theteseit leeway here on figuring out exactly what's what to go with the facts. thursday power panel, thank you. we're going to have the governor to stick around because w
focusing on energy, independent skills that will allow people to succeed, a trade that works for ameca, deficit reducti smbussic nhan what the president has done. and as we get in the debates it will be critical to show the contrast between governor romney and the president. the good thing is wasserman schultz down played the president's expectations as expected by the democrat but he is the gted ea thobis hoe nav the gift of a positive record to run on. the economy is in the toilet and t...